Best NFT Blockchains: The Top 5 contenders

How can you really tell if an NFT blockchain is the best or not? More importantly, how can you be sure that the one you’re using has what it takes to make your NFTs worth as much as possible? There are plenty of options out there right now and even more on the horizon, so how do you know where to focus your attention? Let’s take a look at five of the current top contenders in the NFT space and talk about what makes them stand out from their competitors.

1) Ethereum

Currently, Ethereum is one of the most popular blockchain platforms for applications in Crypto Space. But besides from that, developers also enjoy working with it because of its flexibility and scalability. Even if you are planning to develop an application for daily use, there are a number of scalable and decentralized networks within Ethereum which can solve your issue quickly. Some other benefits like gasless transactions, privacy protection and high throughput will make Ethereum one of your best choices for building DApps. This is why DApps like CryptoKitties or KittyHats had been built on top of ETH blockchain. According to our prediction, ETH blockchain can be among Best NFT blockchains in future years to come. One advantage of using Ethereum as a development platform is its support for smart contracts. Smart contracts are self-executing contracts where all terms and conditions between two parties are pre-programmed into lines of code. So when someone wants to execute a transaction or agreement, all they have to do is press send and everything else happens automatically. Another benefit that comes with smart contracts is their immutability—which means once data has been written onto the blockchain, it cannot be tampered with by anyone else—not even those who own it.

2) EOS

EOS is often described as a blockchain operating system, because it offers built-in features like databases, account permissions, user authentication and application scheduling. This makes it a great candidate for smart contracts that need more power than Ethereum can offer. However, EOS is fairly new (and very controversial) so I’m skeptical we’ll see much dapps development on it until 2019 or 2020. Its record-breaking ICO and valuation make it one of our top picks nonetheless. When you hear about EOS and its potential to be the next big thing, think The World Computer. Like IBM in 1969—or Google in 2004—EOS will build a platform that will become an integral part of everyone's life in just a few years' time. At least, that's what they're aiming for. We'll have to wait and see if they succeed.

3) Stellar

Stellar has some of the most advanced technology and decentralized solutions in place to make it one of, if not the best platform for hosting non-fungible tokens. Not only is Stellar a fast blockchain network (confirmation times are as low as 3 seconds) but its decentralization makes it trustworthy in a way that many other blockchains are not. There are no miners or master nodes on Stellar because consensus is achieved by trusted validators (payment channels). This means that unlike EOS, Tron, or Ethereum, with Stellar you don’t have to rely on anyone else’s centralized system to trust your transactions. All you need is an internet connection and a node running an updated version of their software. What’s more, while Ethereum and Tron both use gas fees to cover processing costs, Stellar charges 0.00001 XLM per transaction—effectively making it free to send any token on its network.

4) Cardano

Cardano’s team has a very impressive history, as does its blockchain. Cardano was developed by IOHK (Input Output Hong Kong), a tech company with a strong focus on innovation and peer-reviewed research that’s led by Charles Hoskinson, who was also one of Ethereum’s co-founders. And unlike many other projects in crypto, Cardano is built on scientific method and peer review. So while it isn’t exactly a proven entity yet, it definitely has potential to be. As for what makes Cardano special, well... That’s where things get interesting. It uses something called Ouroboros, which is a proof-of-stake algorithm based on game theory that should theoretically provide more security than proof-of-work blockchains like Bitcoin. It also uses side chains to allow for faster transactions without compromising security or decentralization. Plus, it’s got some pretty cool governance features—and we haven’t even gotten into smart contracts or DApps yet! All in all, Cardano looks like an exciting project worth keeping an eye on if you want to keep up with what's new in crypto and blockchain technology.

5) NEO

No, it’s not just a cryptocurrency–it’s also a smart contract blockchain that supports multiple coding languages, including Java and Python. It has more than 300 million USD market cap and is a top-20 cryptocurrency in terms of market cap. NEO is comparable to Ethereum but offers more built-in tools for businesses looking to integrate blockchain technology into their existing businesses. Still, NEO can also be used as a proof-of-stake token if you don’t need all its features. It might just be one of the best nft blockchains in terms of flexibility and compatibility. You can use it for identity registration or other purposes—you have endless possibilities! Check out our guide on how to buy NEO tokens here. For those who want to get started with NEO, we recommend taking a look at Neo Quick Start Guide. Here you will find step by step instructions for creating your wallet and getting started with using your new asset. This way you will get up to speed fast without wasting time fiddling around with unnecessary details. Once again, we strongly advise against storing large amounts of crypto on exchanges—the private key is yours so keep it safe! If someone steals your private key then they will gain access to your account and take everything in there so keep your assets secure at all times. We hope you enjoyed reading about what we think are some of the best nft blockchains currently available. What do you think? Are there any others that should be included?